3239 stories by Todd Shriber
Pat McAfee Bids Adieu to FanDuel, Moves to ESPN
Pat McAfee is again making waves in the sports media world, announcing today his eponymous show is severing ties with sports betting giant FanDuel and is heading to ESPN. The news comes as McAfee is the middle of the second of a...
Caesars Inks Deals with Keeneland, Red Mile for Kentucky Sports Betting Access
Caesars Entertainment said Tuesday it reached agreements with racetrack operators Keeneland and Red Mile Gaming & Racing. That paves the way for the casino giant to offer mobile sports wagering in Kentucky. Financial terms of the accords weren’t disclosed. But deal terms...
PlayAGS Stock Soars as Jefferies Analyst Calls it ‘Severely Undervalued’
PlayAGS (NYSE: AGS) is one of the best-performing gaming stocks today. That's after Jefferies analyst David Katz highlighted it as a small-cap valuation opportunity. In a note to clients, Katz upgraded the slot machine manufacturer to “buy” from “neutral,” while boosting his...
Bally’s, Oakland A’s Announce Agreement for Tropicana Stadium Site
Bally’s and the Oakland Athletics announced Monday that they’ve reached an agreement: the Major League Baseball (MLB) club will build a stadium on nine acres near the Tropicana Las Vegas Hotel and Casino. The pact was reached in conjunction with Gaming and...
Fanatics Finally Makes Deal, Grabs PointsBet for $150 Million
Following months of speculation, PointsBet (OTC: PBTHF) is poised to sell its US operations to Fanatics for $150 million in cash. The companies announced the transaction in a joint statement released Sunday. That confirmation arrived just weeks after it was reported PointsBet...
Aristocrat Leisure Buying NeoGames for $1.2B in Cash
Aristocrat Leisure (ASX: ALL), one of the largest slot machine manufacturers, is increasing its iGaming footprint with a $1.2 billion all-cash acquisition of NeoGames (NASDAQ: NGMS). The deal announced late Sunday values NeoGames at $29.50 a share, or a 104% premium to...
Sands Dividend Unlikely Before 2025 Following Revised Credit Agreement
Las Vegas Sands (NYSE: LVS) announced its Sands China unit amended and restated a credit facility pact with lenders, meaning it’s unlikely the casino operator will restart its quarterly dividend prior to 2025. Under the terms of the new agreement, the credit...
Rush Street Interactive CEO Schwartz Open to Takeover Talks
Amid a flurry of sports betting industry consolidation rumors, Rush Street Interactive (NYSE: RSI) is one of the most discussed potential targets. A deal hasn’t materialized as of yet, but CEO Richard Schwartz signaled at an industry conference this week that he’ll...
Bally’s Gets Green Light for Chicago Casino Plan, Construction Starting Late 2024
Bally’s announced today the proposed site plans for its $1.7 billion casino hotel in Chicago were approved by the Chicago Department of Planning and Urban Development. The Rhode Island-based regional casino operator added that its Bally’s Chicago project will bring more than...
Texas Houses Advances Sports Betting Bill, Tough Road Awaits in Senate
By a vote of 101-42, the Texas House of Representatives approved a bill Thursday that would allow for a constitutional referendum on sports betting. Crossing the threshold of 100 affirmative votes was essential, because under Texas state law, two-thirds majorities in both...
